Recent content by theguy

I didn't figure out greeks for spread. Energy options contracts all correspond to same month underlying as energy is produced all year around. There are no serial month options in energies. I agree for the most part regarding what you about NYMEX, but the firm I worked with hand picked their...

As an ex broker I have placed many option orders. Legging into spreads can be done but the risk there involves not be filled on a certain leg and then having the market move against you. When I placed spreads I almost always placed them as a spread with our floor brokers. Sequence of events...

The loss would what you paid for the option plus commission and fees. Eack .0001 in Euro equals $12.50 so the dollar loss would be (.0013-your quote) 13 X $12.50 = $162.50 (plus commission and fees)

Thanks Hokies. I was thinking along those similar lines because I would be trading quicker. So I would take the path of least resistance.

I have been accepted to work with 2 firms in NYC. As I'm new within this industry I need some help in deciding which firm to choose. Both firms will give me capital to trade and commissions would be similar. First firm is well established with several offices nationally and internationally...